Robex, 2021 Sustainable Growth Strategy Validation and 2022 New Dimension Resulting From the Business Combination with Sycamore

QUEBEC CITY - Robex Resources Inc. ('Robex', 'the Group' or 'the Company') (TSXV: RBX) is pleased to publish their financial results for the year ending December 31, 2021, and their production results for the first quarter of 2022.

All amounts are in Canadian dollars (CAD).

2021 Corporate Operating and Financial Results Highlights

The 2021 production amounts to 46,554 oz in concordance with the revised objective of >45,000 oz.

The 2021 operational result amounts to CAD 37.1 million (vs. CAD 48.5 million in 2020) due in part to the production decrease resulting from the expected decrease of the grades and of the gold price.

The 2021 net result of CAD 15.9 million attributable to shareholders (vs. CAD 44.6 million in 2020) includes an exceptional CAD 14.3 million tax provision in 2021 accounted following the receipt of the assessment notice project for Years 2016 to 2018, representing the most probable cash outflow as of today.

The net debt shows a marked improvement of CAD 8.3 million at the end of December 2021.

In the course of Year 2021, management worked on finalizing the combination of Robex with the Sycamore Mining Ltd. Company ('Sycamore'), which bring the Kiniero project located in the Republic of Guinea. This transaction, once closed during the second quarter of 2022, should allow the Company to multiply by four its production to reach a level superior to 200,000 oz by 2024.

Mr. Georges Cohen, President of Robex, declared: 'The year 2021 allowed Robex to consolidate its strategy in Nampala and to embark on a major stage of external growth for Robex. After researching projects and examining opportunities: Intensive work has resulted in the merger in Guinea, announced on April 20, of Robex with Sycamore with the objective of becoming an important low cost, multi-asset and multi-jurisdiction gold producer in West Africa, producing more than 200,000 oz per year by 2024 and offering an important exploration potential.

The implementation of synergies between Robex and Sycamore has already begun to bear fruit with the complete redesign of the Robex exploration process thanks to Sycamore's teams of experienced geologists. Robex partners and managers have already gone in Guinea, bringing their expertise in plant development and operation, to consolidate the Kiniero project. Robex has committed engineering and exploration investments in order to advance on the Kiniero Pre-Feasibility Study ('PFS') that will be published in the second quarter of 2022. The work done in partnership resulted in Kiniero being of a greater amplitude and to inform the authorities who gave the green light.

Robex intends to rigorously apply to Kiniero its sustainable and inclusive development strategy that will allow all the involved parties to prosper. Despite a new year affected by various local crisis, we are proud to have been able to continue to provide Mali with our support for the local populations and to maintain the best safety standards at our mining site, in particular by renewing the ISO 45001.'

2021 Corporate Summary

The 2021 production amounts to 46,554 oz in concordance with the revised objective of >45,000 oz. Compared to the year 2020, the lower input grade this year, specifically 0.81 g/t compared to 0.93 g/t, was partially compensated by a better recovery (91.4% vs. 88.1%) and an increase of the tonnage. Last December, the replacement of the cyclone pumps allowed us to eliminate the main cause of the 2021 tonnage limitation, enabling us to increase the Nampala production objectives for 2022. We opened four new pits to treat the new resources we discovered following our successful 2019 and 2020 exploration campaign. We also reached the transition that will progressively be included in the plant feeding mix.

Considering the production reduction, the gold price decrease and the energy costs increase, the 2021 operational result has been CAD 37.1 million compared to CAD 48.5 million in 2020. The 2021 net result of CAD 15.9 million attributable to shareholders (vs. CAD 44.6 million in 2020) includes an exceptional CAD 14.3 million tax provision accounted following the receipt of the assessment notice project for Years 2016 to 2018, representing the most probable cash outflow as of today.

In order to develop our licenses, we started exploration work (geochemistry, geophysics reinterpretation, surface sampling) on the Senegalese-Malian shear zone (Sanoula and Diagounte), and on the licenses neighboring Nampala (Mininko and Gladie). Reverse circulation (RC) and diamond drillings have started at the beginning of the year 2022 with the objective of increasing the resources. A complete redesign of our exploration process is in progress with the Sycamore's team of geologists.

Contact:

Aurelien Bonneviot

Tel: [phone]

Email: [e-mail]

This news release contains statements that may be considered 'forecast information' or 'forecast statements' in terms of security rights. These forecasts are subject to uncertainties and risks, some of which are beyond the control of Robex. Achievements and final results may differ significantly from forecasts made implicitly or explicitly. These differences can be attributed to many factors, including market volatility, the impact of the exchange rate and interest rate fluctuations, mispricing, the environment (hardening of regulations), unforeseen geological situations, unfavourable operating conditions, political risks inherent in mining in developing countries, changes in government policies or regulations (laws and policies), an inability to obtain necessary permits and approvals from government agencies, or any other risk associated with mining and development. There can be no assurance that the circumstances set out in these forecasts will occur, or even benefit Robex, if any. The forecasts are based on the estimates and opinions of the Robex management team at the time of publication. Robex makes no commitment to make any updates or changes to these publicly available forecasts based on new information or events, or for any other reason, except as required by applicable security laws.

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